Ask Experts Questions for FREE Help!
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps
 
Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Accounting    Ask about another Subject  
 
PDA

Aliana
Mar 23, 2009, 12:14 AM
What is the journal entry for closing stock?
Imran2008in
Mar 25, 2009, 04:26 AM
in my opinion there is no general entry for closing stock.
closing stock recorded in trading account's credit side,and in balance sheet it will appear as current asset.ok
Buiboi
Mar 26, 2009, 06:40 PM
o0o0 i needed to find this out as well...
im pretty sure that closing stock is recorded inteh general journal, the general journal contains everything.